APN News

  • Monday, December, 2023| Today's Market | Current Time: 12:26:48
  • Quote by Murthy Nagarajan, Head – Fixed income, Tata Mutual Fund.

     RBI kept Policy rates unchanged in the current monetary policy but has revised the CPI inflation projections for the current year to 5.4% from 5.1%  in the previous policy, assuming normal monsoon. RBI governor stated for first quarter of next financial year 2024-25 , CPI is expected to be 5.2%.  Monetary Policy members are looking […]

    Quote on RBI Momnetory Policy, Aug 2023:

    “Mr. Ankush Kaul, Chief Business Officer at Ambience Group hailed the RBI’s move and said that the  discerning homebuyers should avail benefits of cooling inflation, stable home loan rates. The judgement is welcome news for prospective homebuyers who plan to apply for home loans in the near future. The current momentum in housing sales, which […]

    RBI Monetary Policy Quote by Mr. Kishore Lodha, Chief Financial Officer, U GRO Capital

     Reacting to the RBI Monetary Policy, Kishore Lodha, Chief Financial Officer, U GRO Capital said, “Thematically RBI is looking extremely cautious and concerned about inflation. RBI is targeting an inflation of 4% and as of now, it’s way above that. Though inflation is within the tolerance band of 6%, hence the RBI has decided to […]

    Quote on RBI MPC Announcement by Managing Director at S Raheja Realty

    “We are ecstatic that RBI has continued to maintain the REPO rate pause for a third time in a row. Strong economic conditions and the revised inflation prediction for FY24 being within the central bank’s upper tolerance range of 6% underpin the decision to retain the status quo. In spite of mild inflation, keeping policy […]

    Quote by Mr. Sanjay Palve, Senior Managing Director, Essar Capital Ltd. on today’s RBI Monetary Policy.

    “Today’s RBI monetary policy decision to maintain policy rates and stance, aligns with our expectations in this dynamic economic environment. The MPC’s focus on managing inflation while nurturing growth underscores the delicate balance needed for sustainable economic progress. The focus on ‘withdrawal of accommodation’ stance is expected to continue with volatile inflationary pressure due to […]

    Quote by Mr. Rajiv Agarwal, MD & CEO, Essar Ports

    “In the ever-evolving global arena, our nation’s economic strength shines, making a significant 15% contribution to worldwide growth. The MPC’s dedication works to harmonise inflation with a 4% objective. Demonstrating prudence, the RBI retains the repo rate at 6.5%, upholding stability while envisioning a steady 6.5% growth for FY’24 despite inherent uncertainties. We hope to […]

    Quote on RBI Monetary Policy – Mr Ajit Banerjee, Chief Investment Officer, Shriram Life Insurance

    The decision of MPC in its just concluded meeting to maintain status quo on the policy rates at 6.50% and continue to retain its withdrawal of accommodation stance on a 5:1 vote was on expected lines. The Governor emphasised that retaining its withdrawal of accommodation stance is to ensure the headline inflation remains within the target […]

    Quote by Akash Sinha, CEO & Co-Founder, Cashfree Payments.

    “The Reserve Bank of India has once again emphasised the significance of promoting  digital payments in its latest Monetary Policy announcement. By proposing innovative concepts such as Conversational Payments and Offline capability on the Unified Payments Interface, the Central Bank is wholeheartedly advocating the integration of cutting-edge technologies like Artificial Intelligence and Near Field Communication […]

    Quote on RBI Monetary Policy – Mr. Pankaj Kalra, CEO, EOGEPL

    “The recent RBI Monetary Policy announcement echoes our unwavering commitment to steer India’s growth momentum. With the key policy repo rate maintained at 6.5%, we acknowledge the strides taken to stabilise our economic landscape. While inflationary pressures still exist, challenges linger owing to global uncertainties, volatile commodity prices, and geopolitical complexities. The RBI Monetary Policy […]

    Quote on behalf of Shri Madan Sabnavis, Chief Economist, Bank of Baroda on today’s RBI Monetary Policy announcement

    “While the RBI has expectedly not changed the repo rate or stance this time, there has been a change in inflation outlook quite significantly. Interestingly the RBI has increased the forecast to 5.4% from 5.1% with the second quarter inflation crossing 6% (6.2%). This is indicative that for the present calendar year, there is no […]